L 
0.57
0.00%
Close of 9 Nov 2026, in HKD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$13.3m
FY2016FY2025
Net income
HK$178.3m
FY2016FY2025
Free cash flow
−HK$19.6m
FY2016FY2025
Shareholders' equity
HK$106.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$13.3m | HK$41.7m | HK$58.3m | HK$33.3m | HK$49.7m | HK$57.6m | HK$55.2m | HK$60.6m | HK$66.0m | HK$52.3m |
| Gross profit | −HK$589,000 | HK$17.9m | HK$37.7m | HK$17.4m | HK$43.2m | HK$30.2m | HK$33.2m | HK$45.1m | HK$48.6m | HK$33.4m |
| Operating income | −HK$40.5m | −HK$44.9m | −HK$56.3m | −HK$39.8m | −HK$16.8m | −HK$32.3m | −HK$48.8m | HK$10.0m | HK$18.3m | −HK$1.2m |
| Net income | HK$178.3m | −HK$146.5m | −HK$88.2m | −HK$54.3m | −HK$113.1m | −HK$48.3m | −HK$67.5m | −HK$3.3m | HK$11.0m | HK$10.7m |
| Diluted earnings per share | 0.89 | -0.87 | -0.53 | -0.39 | -0.81 | -0.01 | -0.48 | -0.02 | 0.08 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$229.0m | HK$496.5m | HK$616.9m | HK$617.3m | HK$682.6m | HK$829.1m | HK$903.9m | HK$1.03bn | HK$866.8m | HK$767.1m |
| Cash and short-term investments | HK$15.9m | HK$13.2m | HK$56.1m | HK$12.4m | HK$26.4m | HK$39.5m | HK$36.7m | HK$165.3m | HK$60.0m | HK$187.6m |
| Total liabilities | HK$129.6m | HK$577.8m | HK$544.3m | HK$469.0m | HK$461.9m | HK$486.4m | HK$501.0m | HK$578.1m | HK$390.6m | HK$315.6m |
| Debt | HK$8.1m | HK$444.9m | HK$381.0m | HK$345.4m | HK$336.5m | HK$344.6m | HK$325.5m | HK$329.2m | HK$212.5m | HK$212.6m |
| Shareholders' equity | HK$106.4m | −HK$78.3m | HK$71.2m | HK$146.6m | HK$218.0m | HK$337.2m | HK$397.3m | HK$444.2m | HK$470.5m | HK$446.0m |
| Shares outstanding | 201m | 168m | 168m | 140m | 140m | 3,490m | 140m | 140m | 143m | 140m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$9.4m | −HK$17.5m | −HK$23.6m | −HK$5.9m | HK$28.4m | HK$12.1m | HK$9.7m | HK$10.9m | HK$13.3m | HK$10.1m |
| Capital spending | −HK$10.1m | −HK$775,000 | −HK$2.1m | −HK$2.2m | −HK$992,906 | −HK$4.9m | −HK$53.7m | −HK$44.6m | −HK$39.7m | −HK$24.5m |
| Free cash flow | −HK$19.6m | −HK$18.3m | −HK$25.7m | −HK$8.1m | HK$27.4m | HK$7.1m | −HK$44.0m | −HK$33.7m | −HK$26.4m | −HK$14.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$12.7m | HK$6.4m | −HK$299,000 | HK$6.8m | HK$6.8m | HK$9.8m | HK$9.8m | HK$11.0m |
| Gross profit | HK$6.8m | HK$4.1m | HK$673,000 | HK$925,500 | HK$925,500 | HK$3.6m | HK$3.6m | HK$5.4m |
| Operating income | HK$1.7m | HK$870,500 | −HK$28.0m | −HK$10.0m | −HK$10.0m | −HK$13.2m | −HK$13.2m | −HK$4.3m |
| Net income | −HK$376,000 | −HK$188,000 | HK$220.5m | −HK$21.1m | −HK$21.1m | −HK$55.9m | −HK$55.9m | −HK$17.4m |
| Diluted earnings per share | -0.00 | -0.00 | 1.10 | -0.10 | -0.10 | -0.33 | -0.33 | -0.10 |
| Cash from operations | — | — | — | −HK$11.0m | −HK$11.0m | HK$1.0m | HK$1.0m | −HK$10.0m |
| Total assets | HK$218.1m | HK$218.1m | HK$229.0m | HK$510.8m | HK$510.8m | HK$496.5m | HK$496.5m | HK$576.5m |
| Cash and short-term investments | HK$15.4m | HK$15.4m | HK$15.9m | HK$25.5m | HK$5.8m | HK$13.2m | HK$15.6m | HK$22.4m |
| Debt | HK$7.9m | HK$119,000 | HK$9.8m | HK$507.2m | HK$489.3m | HK$444.9m | HK$428.3m | HK$432.8m |
| Shareholders' equity | HK$95.6m | HK$95.6m | HK$106.4m | −HK$137.4m | −HK$137.4m | −HK$78.3m | −HK$78.3m | HK$23.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -26.4% | -25.4% | -10.9% |
| Operating income | 0.6% | 4.6% | 15.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 31.4% | 49.3% | 57.4% | 62.5% |
| Operating margin | -155.3% | -123.7% | -90.7% | -49.3% |
| Net margin | 58.0% | -75.5% | -107.1% | -60.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 0.3 | -0.7 | -1.0 | -1.6 | -0.5 | -41.5 | -0.8 | -53.6 | 66.3 | 101.6 |
| Price to sales | 3.6 | 2.5 | 1.6 | 2.6 | 1.2 | 34.8 | 1.0 | 2.9 | 11.1 | 20.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 25-to-1 reverse split · 5 Mar 2025
- 10-for-1 split · 16 Oct 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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